Standard Life confirms Ignis acquisition

Standard Life Investments has confirmed its £390m acquisition of Ignis Asset Management from a subsidiary of Phoenix Group Holdings.

Standard Life confirms Ignis acquisition

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This follows the receipt of Financial Conduct Authority consent for the deal. Standard Life Investments’ plan to buy Ignis was first announced on 26th March.

“The acquisition of Ignis is another step in Standard Life Investments’ growth story, reinforcing our strong foundations, broadening our third party client base and increasing the range of investment solutions we offer,” said Keith Skeoch, Standard Life Investments’ CEO. “We look forward to working with our new colleagues and welcoming new clients to Standard Life Investments,” he added.